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Property and Equipment | 12 Months Ended
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Jun. 30, 2016
Property, Plant and Equipment [Abstract] |
Property and Equipment | NOTE 7 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following:
|  | As of June 30, |  |  | As of June 30, |
|  | 2016 |  |  | 2015 |
Office Furniture and Equipment |  | $ | 3,346,156 |  |  | $ | 3,104,375 |
Computer Equipment |  |  | 25,935,620 |  |  |  | 25,911,422 |
Assets Under Capital Leases |  |  | 2,409,074 |  |  |  | 1,887,767 |
Building |  |  | 9,185,570 |  |  |  | 8,743,130 |
Land |  |  | 2,410,664 |  |  |  | 2,451,577 |
Capital Work In Progress |  |  | - |  |  |  | 392,243 |
Autos |  |  | 1,073,447 |  |  |  | 943,873 |
Improvements |  |  | 385,135 |  |  |  | 204,779 |
Subtotal |  |  | 44,745,666 |  |  |  | 43,639,166 |
Accumulated Depreciation |  |  | (21,971,231 | ) |  |  | (18,519,532 | )
Property and Equipment, Net |  | $ | 22,774,435 |  |  | $ | 25,119,634 |
For the years ended June 30, 2016 and 2015, depreciation expense totaled $4,387,121 and $5,671,155, respectively. Of these amounts, $3,161,951 and $3,888,122 are reflected as part of cost of revenues for the years ended June 30, 2016 and 2015, respectively. Following is a summary of fixed assets held under capital leases as of June 30, 2016 and 2015, respectively:
|  | As of June 30, |  |  | As of June 30, |
|  | 2016 |  |  | 2015 |
Computers and Other Equipment |  | $ | 503,926 |  |  | $ | 590,625 |
Furniture and Fixtures |  |  | 408,200 |  |  |  | 414,023 |
Vehicles |  |  | 1,496,948 |  |  |  | 883,119 |
Total |  |  | 2,409,074 |  |  |  | 1,887,767 |
Less: Accumulated Depreciation - Net |  |  | (713,248 | ) |  |  | (577,215 | )
|  | $ | 1,695,826 |  |  | $ | 1,310,552 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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